North America Adds Rigs Week on Week, BH Count Shows
by Andreas Exarheas | Rigzone Staff
click here to read this article at Rigzone.com
*this article was not written by Roseland Oil & Gas
North America added three rigs week on week, according to Baker Hughes’ latest North America rotary rig count.
North America added three rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on October 23.
Although the total U.S. rig count remained flat week on week, the total Canada rig count rose by three rigs during the same period, pushing the total North America rig count up to 823, comprising 603 rigs from the U.S. and 220 rigs from Canada, the count outlined.
The total U.S. rig count of 603 comprised 589 land rigs, 13 offshore rigs, and one inland water rig, according to the count, which revealed that the total U.S. rig count is made up of 460 oil rigs, 132 gas rigs, and 11 miscellaneous rigs. The total U.S. rig count also comprised 528 horizontal rigs, 54 directional rigs, and 21 vertical rigs, the count showed.
Week on week, the U.S. land, offshore, and inland water rig counts all remained unchanged, Baker Hughes highlighted. The U.S. oil rig count rose by one week on week, its gas rig count dropped by one, and its miscellaneous rig count remained unchanged during the same period, the count showed. The U.S. horizontal rig count dropped by nine week on week, its directional rig count rose by 11, and its vertical rig count stayed flat during the same period, the count revealed.
A major state variances subcategory included in Baker Hughes’ latest rig count showed that, week on week, Utah dropped two rigs, Texas and Colorado each dropped one rig, New Mexico added two rigs, and Louisiana and North Dakota each added one rig. A major basin variances subcategory included in the rig count showed that, week on week, the DJ-Niobrara and Cana Woodford basins each dropped one rig, the Eagle Ford basin added two rigs, and the Granite Wash and Williston basins each added one rig.
Canada’s total rig count of 220 is made up of 152 oil rigs, 65 gas rigs, and three miscellaneous rig, Baker Hughes pointed out. Week on week, the country’s oil rig count rose by two, its miscellaneous rig count rose by one, and its gas rig count remained flat, the count revealed.
The total North America rig count is up 74 rigs compared to year ago levels, according to Baker Hughes’ count, which showed that the U.S. has added 53 rigs and Canada has added 21 rigs, year on year. The U.S. has added 40 oil rigs, 11 gas rigs, and two miscellaneous rigs, while Canada has added 14 oil rigs, four gas rigs, and three miscellaneous rig, year on year, the count outlined.
Previous Counts
In its previous count, which was published on October 16, Baker Hughes revealed that North America dropped five rigs week on week. Although the total U.S. rig count remained flat week on week, the total Canada rig count decreased by five rigs during the same period, that count outlined. The October 16 count represented a break in a run of rig additions.
Baker Hughes’ October 9 rig count revealed that North America added 11 rigs week on week, its October 2 count showed that North America added seven rigs week on week and its Baker September 25 rig count revealed that North America added 15 rigs week on week.
In its September 18 rig count, Baker Hughes showed that North America dropped six rigs week on week. The company’s September 11 rig count revealed that North America added six rigs week on week. That rig count marked the break of a recent rig loss streak.
The company’s September 4 count revealed that North America dropped seven rigs week on week, its August 28 rig count showed that North America dropped five rigs week on week, and its August 21 count showed that North America dropped eight rigs week on week.
Baker Hughes’ August 14 rig count revealed that North America added eight rigs week on week and its August 7 rig count showed that North America dropped three rigs week on week. Prior to its August 7 count, Baker Hughes’ rig counts showed a series of North America rig additions.
The company’s July 31 count revealed that North America added 16 rigs week on week, its July 24 rig count showed that North America added five rigs week on week, and its July 17 count revealed that North America added 26 rigs week on week. Prior to that week on week increase, the last time Baker Hughes’ North America rig count showed a week on week increase was back in June.
Baker Hughes’ July 10 count showed that the total North America rig count dropped by 10 week on week and its July 2 rig count revealed that the total North America rig count remained unchanged week on week. Before the July 2 rig count, Baker Hughes’ North America rig count had risen for eight consecutive weeks.
Baker Hughes’ June 26 rig count showed that North America added 21 rigs week on week, its June 18 count showed that North America added seven rigs week on week, its June 12 rig count revealed that North America added 10 rigs week on week, its June 5 count showed that North America added eight rigs week on week, its May 29 rig count showed that North America added 28 rigs week on week, its May 22 rig count showed that North America added 21 rigs week on week, its May 15 rig count revealed that North America added three rigs week on week, and its May 8 rig count showed that North America added two rigs week on week.
Baker Hughes’ May 1 rig count showed that North America dropped four rigs week on week and its April 24 rig count showed that North America added one rig week on week. Prior to this, Baker Hughes’ rig counts showed a spate of weekly losses.
The company’s April 17 rig count revealed that North America dropped seven rigs week on week, its April 10 rig count showed that North America dropped 10 rigs week on week, its April 2 rig count revealed that North America dropped six rigs week on week, its March 27 rig count revealed that North America dropped 33 rigs week on week, its March 20 rig count outlined that North America dropped 21 rigs week on week, its March 13 count showed that North America dropped six rigs week on week, its March 6 rig count showed that North America dropped eight rigs week on week, and its February 27 rig count showed that North America dropped 11 rigs week on week.
Baker Hughes’ February 20 rig count showed that North America added two rigs week on week.
Monthly Rig Count Summary Figures
According to monthly rig count summary figures in Baker Hughes’ latest count, the North America rig count stood at 821 in October 2026, 797 in September 2026, 805 in August 2026, 783 in July 2026, 748 in June 2026, 687 in May 2026, 679 in April 2026, 733 in March 2026, 773 in February 2026, 742 in January 2026, and 718 in December 2025. The latest count outlined that the North America rig count stood at 739 in November 2025, 741 in October 2025, 728 in September 2025, 717 in August 2025, 707 in July 2025, 687 in June 2025, 690 in May 2025, 725 in April 2025, 786 in March 2025, 836 in February 2025, and 791 in January 2025.
Archived Baker Hughes data, which Rigzone was directed to by the Baker Hughes team, outlined that the North America rig count stood at 751 in December 2024, 789 in November 2024, 804 in October, September, and August 2024, 779 in July 2024, 750 in June 2024, 722 in May 2024, 748 in April 2024, 822 in March 2024, 855 in February 2024, and 818 in January 2024.
This data outlined that, in 2023, the North America rig count stood at 784 in December, 816 in November, 814 in October, 819 in September, 836 in August, 858 in July, 832 in June, 817 in May, 861 in April, 948 in March, 1,006 in February, and 998 in January.
The data outlined that, in 2022, the North America rig count stood at 935 in December, 980 in November, 981 in October, 973 in September, 965 in August, 943 in July, 880 in June, 811 in May, 796 in April, 846 in March, 856 in February, and 791 in January. In 2021, the North America rig count stood at 729 in December, 726 in November, 704 in October, 661 in September, 657 in August, 628 in July, 568 in June, 512 in May, 494 in April, 516 in March, 568 in February, and 530 in January, the data outlined.
Going further back, this data outlined that, in 2020, the North America rig count stood at 432 in December, 405 in November, 361 in October, 316 in September, 303 in August, 288 in July, 292 in June, 371 in May, 598 in April, 904 in March, 1,039 in February, and 996 in January.
Baker Hughes states on its site that it has issued rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. On its site, the company describes the figures as “an important business barometer for the drilling industry and its suppliers”. The company notes on its site that working rig location information is provided in part by Enverus.
Top Operators
Enverus’ latest Drilldown report at the time of writing, which was sent to Rigzone by the Enverus team on October 20, showed that the U.S. averaged a total of 657.3 active rigs as of the week ended October 16. Of this total, 632.9 rigs were land rigs and 24.4 were offshore rigs, Enverus’ report showed.
The total active U.S. rig count averaged 652.4 in the prior week, 646.2 in the prior quarter, and 568.9 a year ago, according to the count, which showed that the U.S. land rig count came in at 630.3 in the prior week, 623.5 in the prior quarter, and 544.0 a year ago. The U.S. offshore rig count came in at 22.1 in the prior week, 22.7 in the prior quarter, and 24.9 a year ago, the report outlined.
Canada’s total active land rig count averaged 203.6 in the week ending October 16, the Enverus report showed. This count averaged 205.1 in the prior week, 192.7 in the prior quarter, and 171.4 a year ago, the report highlighted.
The top five U.S. operators by active rig count, as of October 16, were Exxon, with an average of 37.3 rigs, Devon, with an average of 31.0 rigs, ConocoPhillips, also with an average of 31.0 rigs, EOG, with an average of 24.1 rigs, and Continental Resources, with an average of 23.4 rigs, the report revealed.
In the prior week, Exxon’s rig count averaged 37.1, Devon’s averaged 31.1, ConocoPhillips’ also averaged 31.1, EOG’s came in at 24.1, and Continental Resources’ stood at 24.0, the report showed. In the prior quarter, Exxon’s rig count averaged 37.0, Devon’s averaged 32.5, ConocoPhillips’ averaged 29.7, EOG’s stood at 22.8, and Continental Resources’ came in at 21.0, and a year ago, Exxon’s rig count averaged 38.0, Devon’s averaged 32.3, ConocoPhillips’ averaged 24.0, EOG’s stood at 23.6, and Continental Resources’ averaged 13.9, the report outlined.
The top five Canada operators by active land rigs, as of October 16, comprised Canadian Natural Resources, with an average of 20.1, Cenovus, with an average of 17.9, Tourmaline, with an average of 12.9, Whitecap Resources, with an average of 12.1, and Shell, with an average of 8.0, the report pointed out.
In the prior week, Canadian Natural Resources’ rig count averaged 20.1, Cenovus’ averaged 16.7, Tourmaline’s averaged 11.1, Whitecap Resources’ averaged 12.7, and Shell’s came in at 8.4, according to the report, which showed that, in the prior quarter, Canadian Natural Resources’ rig count averaged 20.7, Cenovus’ averaged 14.8, Tourmaline’s averaged 11.1, Whitecap Resources’ averaged 9.9, and Shell’s came in at 8.2. A year ago, Canadian Natural Resources’ rig count averaged 14.9, Cenovus’ averaged 13.1, Tourmaline’s averaged 13.6, Whitecap Resources’ averaged 13.3, and Shell’s came in at 10.4, Enverus’ report showed.
The Enverus Drilldown Report is described by Enverus as a weekly rig count update tracking North American upstream activity and broader market trends. The report utilizes Enverus activity analytics, the report highlights.
by Andreas Exarheas | Rigzone Staff
click here to read this article at Rigzone.com
*this article was not written by Roseland Oil & Gas